Published 1 year ago

Tale of 2 airlines: Big profit at American, Southwest loss

Summary by Ground News

Southwest reports $220 million loss after taking a hit of $800 million from canceling nearly 17,000 flights over the last 10 days of December. The airline had signaled it would lose money, but the adjusted loss was worse than the 7 cents per share that Wall Street expected. American reported a profit of $803 million.

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Associated Press News

Tale of 2 airlines: Big profit at American, Southwest loss

1 year ago·United States

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KIFI

Tale of 2 airlines: Big profit at American, Southwest loss

FORT WORTH, Texas (AP) — American Airlines gave more proof Thursday of the recovery in air travel, posting a better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month. Southwest said it also expects another loss in the first quarter while saying it was encouraged by booking trends for March. Southwest reported a $220 million loss after taking a hit of $800 million f…

1 year ago·Idaho Falls, United States

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RTÉ

American Airlines forecasts higher profit on demand

American Airlines has today forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel.

1 year ago·Ireland

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KVIA

Tale of 2 airlines: Big profit at American, Southwest loss

By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers American Airlines and two smaller carriers gave more proof Thursday of the recovery in air travel, posting better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month. Southwest said it also expects another loss in the first quarter while saying it was encouraged by booking trends for March. Southwest reported a…

1 year ago·Panama City, United States

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Chicago Tribune

A tale of two airlines: Big profit at American and loss at Southwest

American Airlines gave more proof of the recovery in air travel, posting a better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month.

1 year ago·Chicago, United States

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News 4 JAX

Tale of 2 airlines: Big profit at American, Southwest loss

American Airlines and two smaller carriers gave more proof Thursday of the recovery in air travel, posting better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month.Southwest said it expects another loss in the first quarter from lingering effects of last month's meltdown, although it said booking trends for March were encouraging.Southwest reported a $220 million l…

1 year ago·Jacksonville, United States

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